Any firm, company, or individual who wishes to offer, sell, or promote any financial products in the UK has to be authorized and registered by FCA (Financial Conduct Authority). You should be suspicious while dealing with an unregistered or unauthorized firm, company, or individual.
Fortune FX Academy Review
Fortune FX Academy is not authorized by FCA to conduct its business. They are targeting people in the UK. While dealing with an unregistered firm the investor does not have right to use the Financial Ombudsman Service (FOS). In case anything goes wrong, you are not protected by FSCS (Financial Services Compensation Scheme) and will not get your money back.
The address mentioned is 390 Page Blvd, Springfield, USA, MA 01152. Email ID is email@example.com. The website is https://fortunefxacademy.com/ and as usual with any scammer, it is not functional.
Be conscious that some scam firms may give out some other details. They may change contact details, addresses, contact numbers, or even physical addresses.
How to protect from the Fortune FX Academy scam?
Business with financial firms/companies/individuals that are registered or authorized by FCA gives you enhanced protection in the event when something goes wrong or incorrect. Check the list of authorized financial service providers at the Financial Services (FS) Register before investments. The said register contains information on individuals and firms that are registered, from the past until date. The register is updated every evening by the regulators.
You get right to use to the Financial Ombudsman Service (FOS). Your investments are protected by FSCS (Financial Services Compensation Scheme). It depends what the service the company you are investing in is providing. It also depends on the permissions the authorized firm has. If you have any questions/queries about protection the registered firm will help you.
What, if the name of the firm does not appear on the FS register?
In case the name of the firm you are dealing with does not appear on the FS register list contact the FCA consumer helpline on 0800 111 6768.
Protecting oneself from scams.
Take precautions when you get the call out of blue. Calls, text messages, or emails, should be taken with caution. The scammer may know your basic details from different sources do not mean he is genuine.
Scammers usually do not give you time to ponder over your decision. They expect you to take action quickly. Genuine firms will give you time to think. They do not hurry at things.
Never give your bank account details especially if you do not properly know the person who is calling you.
Check URL carefully. Scammers make duplicate sites virtually look like the original. Clone firms pretend to be the real firm with some minor differences.
Fortune FX Academy.
Fortune FX Academy coaches for forex markets and is supposed to be owned by Hirthaeprit Kaur Mann. She does not have in-depth knowledge of the forex market but has good contacts within trading circles.
The website registration contact is hidden since it is registered via Identity Protect Limited. It has no registered trademark on its website. Most of the details are often represented verbally. There is no transparency and some pieces of jigsaw puzzles are missing.
You will be paying a huge amount of fee for the Fortune FX Academy course but do not get the value of the money you paid for. What they are teaching by charging a hefty amount you can learn it on YouTube free of cost. They are charging thousands of dollars and people feel there is something special about the course.
If someone approaches you out of blue, contact FCA’s Consumer Helpline on 0800 111 6768, or +44 207 066 1000 (if you are from abroad). FCA head office’s address is 12 Endeavour Square, London.
Read reviews of different scammers on our site for more information under the section scam broker 2022.
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